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BOABD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

H.12

(Foir Immediate Release)

April 12, 1961

CHANGES IN COMMERCIAL AND INDUSTRIAL LOAMS BY INDUSTRY

Commercial and. industrial loans decreased in most districts and a net of
$134 million at all wefekly reporting member "banks during the week ended April 5.
The principal net decreases were $76 million in loans to public utilities,
$52 million to manufacturers of metals and metal products, $29 million to commodity
dealers, and $27 million to manufacturers of food, liquor, and tobacco products.
The largest offsetting net increase was $54 million in loans to manufacturers and producers of petroleum, coal, chemicals, and rubber products, the
largest weekly increase in this classification so far this year.
Changes in loans during the week and since year-end are shown below; the
third column shows the changes during the comparable period last year.

Business of Borrower

-396
+255
+726

+ 54
+ 18

+117
+107

1 +

-162
- 51
-192
- 38
+267

+163

1
1
t

j

Net change In commercial and
Industrial loans

-298
+176
+ 43

1

Classified changes - net
Unclassified changes - net

- 27
- 2
52

1

Trade—wholesale and retail
Commodity dealers
Public utilities and transportation
Construction
All other types of business

Dec. 28, I960
Dec. 30, 1959
to
/
to
April 5, 196]f/
April 6, 1960
(in millions of dollars)

-131

- 30

'
•134

W ON

Manufacturing and mining;
Food, liquor, and tobacco
Textiles, apparel, and leather
Metals and metal products
Petroleum, coal, chemicals,
and rubber
Other manufacturing and mining

Week
ended /
April 5%/

- 4 4 3

- 67
+ 26
+ 9

zJl

+444
- 22

-106

+422

j»/ Preliminary *
In addition to the weekly table, a monthly table is attached showing
changes during March compared with the preceding month and with March i960, and
also showing changes during the past twelve months.
Changes during March were similar to those during March a year ago in
all industrial classifications except loans to manufacturers and producers of
petroleum, coal, chemicals, and rubber products, which increased during the current
month in contrast to a decrease a year ago.
The increase in loans to "other" types of business concerns was the
largest monthly increase in this category since the series was started in 1951;
and the increase in manufacturers of metals and metal products was the largest
since June i960.




n
CHANGES H COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE r ? wmaa.v REPORTING MEMBER BANKS
DISDtlCT,
B%:%NBQB3RY AND F1DERALRESEKVE
VEBKENDED WEDNESDAY, APRIL 5, 1961

H.12(a)

ST

San Fr
St. IMinne- Kansas
New Phila- Cleveg
Louis Iapolis City Da]]as eisco Ji
York delphia land S S " I Atlanta I Chicago
(In millions of dollars)

Business of Borrower
Manufacturing and mining:
Food, liquor, and tobacco
Textiles, apparel, and leather
Metals and metal products (including
machinery & transportation equipment)
Petroleum, coal, chemicals, and rubber
Other manufacturing and mining
Trade:
Wholesale
Retail

27.2
2.4

-2.5 - 3^*6 +1.1 - 2.1

-5

- -5

+ .2
- .1

- .9
+ .8

+13.1
•7

-1.0
-1.7

-1.5
+ .2

+ .2
+ .2

-

-3
.2

+1.1
+ .1

51.5
53.9
18.2

-1.7 - 49.5 - 1.0
- -5 + 46.3 + 6.4
+ .6 + 6.2 + 4.4

+2.9
- .8
+2.7

- .1
+2.4
+ .5

+1.6
- .1
+ .6

- 7.0
- .4
+ 1.8

=1 • 6 + .4
— .4 - .5
— —
+ .9

+1.9
+1-7
+ .7

+ 1.2
+ 1.1
- .4

+1.4
-1.3
+ .2

(- 4

+ .6 — 2.1 + 1-5
-4.5 - 4.1 - .4

— »4
- .3

+ -7
+3=2

+1.2
+ -7

-1.1
+ .6

- .1

- .8

+ -5
-1.2

+1.0
+ -3

+ .4

-3.4

-

.9

-2.0

- .9

-2.4

.8

+1.6

——

— —

— 22 #1 + 2,1

—

: 4 :s

Commodity dealers

- 28.9

Public utilities (including transportation)

- 76.2

+1.1 - 42.3 + 3.3

-8.9

~ -3

-5.3

-13.9

+ .1

+ .2

-1.3

2.3

-6.6

Construction

- 12.4

+ .1 - 5.7 - 4.0

-1.2

+3.1

+3 «2

+1.4

- .2

- .7

+

'9

7.2

-2.1

All other types of business

-

+1.0 +

7-5 - 1»6

- .5

- .5

+2.8

- 3.3

+1.7

- .5

—2. o 3.

8.3

-1.2

4.0

Net change in classified loans l/

-131.3

-4.7 -102.5 +10.2

-7.5

+9.5

+1.2

-10.4

—5.I

—4.0

+2.1

-I9.O

-1.1

Unclassified changes - net

-

+2.7 +

6.5 - 3.2

+1.5

-2.5

-1.2

+ 2.4

— .9

—1.0

— .1

+ 1.0

-7-9

Net change in commercial and
industrial loans

-134.0

-2.0 - 96.O + 7.0

-6.0

+7.0

8.0

-6.0

-5.0

+2.0

-18.0

-9.0

2.7

j)/ Preliminary; final totals will appear in the F. R. Bulletin and San Francisco District final figures appear in a release of the Reserve Bank.
l/ About 200 weekly reporting member banks are reporting changes in their larger loans as to industry; these banks hold about 95 per cent of
*~
~
total commercial and industrial loans of ail weekly reporting member banks and about 70 per cent of those of all commercial banks.



E.12(b)

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY

Business of Borrower
Manufacturing and mining:
Food, liquor, and tobacco
Textiles, apparel, and leather
Metals and metal products (including machinery
and transportation equipment)
Petroleum, coal, chemicals, and rubber
Other manufacturing and mining

5 weeks
ended
Mar. 29? 1961

5 weeks
4 weeks
ended
ended
Mar. 30, I960
Feb. 22* 1961
(In millions of dollars)

12 months
ended
Mar. 29, 1961

— 36 oO
+ 91.5

- 12.1
+115.5

-101.1
+101.3

+

+148.2
+ 12.0
+121.6

+126.0
- 36.4
+ 42.1

+444.4
- 12.7
+120.9

- 296.1
+ ll6•1
+ 250.0

Trade — wholesale and retail

+ 99-2

— 16.4

+181.2

+

13.3

Commodity dealers

- 38.7

+ 4i .8

-185.3

+

226.1

Public utilities (including transportation)

+ 35.7

-119.4

+ 37.3

Construction

+

- 12.3

+ 31-2

+

86.8

All other types of business

+219.0

+

5.3

+ 84.3

+

695.7

Net change in classified loans l/

+657.2

+134.1

+701.5

+1,107.4

Unclassified changes - net

+ 53-8

- 36.1

+145.5

- 157.4

Net change in commercial and
industrial loans

+711.0

+ 98.O

+847.0

+

1/ See footnote on preceding table regarding current coverage •




4.7

97.3
l6.4

65.4

950.0